Signs Express Edinburgh owner, Roy Jenkins, made Andrew May a wind instrument repair shop owner in Edinburgh very happy last week as he presented him with an iPad2 competition prize!
Andrew was one of over 1000 respondents to the Signs Express business survey where the first drawn out of the hat won an iPad2 with two runners up receiving iPod shuffles.
The new study revealed some interesting stats including the encouraging result tha three quarters (75%) of Small and Medium Sized Enterprises (SMEs) in the UK believe it is important to ‘buy local’ when it comes to purchasing goods and services – great news for the local economy in Scotland.
The survey was carried out by Signs Express, the UK’s largest sign franchise which has local sign production centres across Scotland. The sign and graphics specialists commissioned an independent research company to poll more than 1000 businesses and the results showed that 47% of SME decision makers think it’s quite important to choose a local supplier when purchasing goods and services and 28% believe it’s very important.
The top three reasons that SMEs in the UK gave for choosing local suppliers were:
- it is better for the local economy (71%),
- local suppliers are easier to approach if something goes wrong (58%),
- local suppliers care more about doing a good job (49%).
The survey also revealed that, despite a challenging economy, SMEs in the UK still believe that price is not the most important factor when it comes to selecting a supplier. Nearly three quarters of those surveyed (71%) said that if they believe they are getting good value and service, price is not the most important factor. Only 4% of businesses always select the cheapest quote.
Commenting on the survey results and their reflection on opinions of businesses in Scotland, Roy Jenkins, centre owner at Signs Express in Edinburgh said, “A large proportion of Signs Express customers are SMEs and so it’s really important that we understand their priorities and concerns when it comes to working with suppliers. That’s why we carried out our ‘SME Expert’ Research,” he explains. “The survey confirmed quite a lot of things we are experiencing here in Scotland, but it has also raised some very interesting points that we were not previously aware of. For example, the survey asked businesses what frustrates them most about suppliers and 57% responded that they are put off by a ‘hard sell’ approach. And, quite shockingly, when the business world is facing so many challenges, within the last six months nearly half (48%) have experienced a supplier not providing a quote as promised.”